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Tue, 06 Dec 2016 11:10:17 +0000en-UShourly1http://wordpress.org/?v=4.3.6‘Use extra hour to switch energy supplier and save £200’https://www.uswitch.com/gas-electricity/news/2014/10/27/use-extra-hour-to-switch-energy-supplier-and-save-200/
https://www.uswitch.com/gas-electricity/news/2014/10/27/use-extra-hour-to-switch-energy-supplier-and-save-200/#commentsMon, 27 Oct 2014 09:48:01 +0000http://www.uswitch.com/gas-electricity/news/?p=16981This Sunday at 2am, the clocks went back an hour, time which Ed Davey says consumers should use to go ‘energy shopping’. He added that consumers could save an average of £200 by switching to a cheaper supplier, the equivalent of “30 trips to the cinema, a music festival ticket, or even a home energy […]

Ed Davey has suggested consumers make use of this week’s extra hour to switch energy

This Sunday at 2am, the clocks went back an hour, time which Ed Davey says consumers should use to go ‘energy shopping’.

He added that consumers could save an average of £200 by switching to a cheaper supplier, the equivalent of “30 trips to the cinema, a music festival ticket, or even a home energy efficiency assessment”. The switching process, he said, is quicker and easier than ever before.

Davey also pointed out that tenants should look into switching energy suppliers. Renting a home does not in any way affect your rights to switch energy supplier.

‘Switching is now quicker and easier’

Speaking on the topic, Davey said: “I want people to get a better deal on their energy bills. Switching is now quicker and easier to do so why not make the most of the extra time this weekend to save yourself some money?

“Some of the new smaller suppliers are cutting prices and forcing bigger players to respond. Over 2 million people switched energy supplier between last October and March this year as competition hots up.”

DECC’s Energy shopping campaign

Small suppliers offering the cheapest energy deals

At present, small energy suppliers offer most of the cheapest energy deals available on the market. This has been the case since the big six implemented price rises and, despite larger supplies mounting a fight back, looks to be the case for some time yet.

Energy best buy table (as of the 27th October 2014)

Place

Supplier

Plan name

Average bill size

Tariff type

1

Extra Energy

Fresh Fixed Price Nov 2015 v3

£976

Fixed

2

First Utility

iSave Fixed November 2015 (v35)

£977

Fixed

3

OVO Energy

Better Energy (all online)

£998

Fixed

4

npower

Online Price Fix November 2015

£1,000

Fixed

5

Green Star Energy

Rate Saver 12M Fixed 1408 (paperless)

£1,004

Fixed

Source: uSwitch.com. Based on a medium usage customer using 3,200 kWh of electricity and 13,500 kWh of gas paying by direct debit with bill sizes averaged across all regions.